First PPP reinsurer opens for business
By Li Xiang | China Daily | Updated: 2016-12-08 07:38
Three State firms hold 60% stake in Qianhai
Qianhai Reinsurance Co Ltd officially launched its business on Wednesday, becoming China's first reinsurer created under a public-private partnership.
With a registered capital of 3 billion yuan ($436 million), the Shenzhen-based reinsurer will carry out business in property and casualty reinsurance as well as life and health reinsurance, according to the insurer's official statement.
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